Bonds slip, call rates end lower

Government bonds today slipped on selling pressure from banks and corporates.
The overnight call money rate ended lower due to poor demand from borrowing banks amid ample liquidity in the banking system.
The 8.40 per cent 10-year benchmark bond maturing in 2024 fell to Rs 101.65 from Rs 101.68 previously, while its yield moved up to 8.15 per cent from 8.14 per cent.
The 8.60 per cent government security maturing in 2028 eased to Rs 103.1750 from Rs 103.1875, while its yield held stable at 8.21 per cent.
The 8.83 per cent government security maturing in 2023 also edged-down to Rs 103.65 from Rs 103.66, while its yield held stable at 8.25 per cent.

The 8.27 per cent government security maturing in 2020, the 8.15 per cent government security maturing in 2026, the 8.12 per cent government security maturing in 2020 and the 8.35 per cent government security maturing in 2022 were also quoted lower at Rs 100.18, Rs 100.02, Rs 99.3225 and Rs 100.3950, respectively.
The overnight call money rates ended lower at 7.75 per cent from yesterday's close of 8.05 per cent. It resumed higher 8.10 per cent and later moved in range of 8.35 per cent and 7.25 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 166.85 billion in 36-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 33.23 billion from 12-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent as on November 26.